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    • Hampden County Economic Overview

     

    Regional Trends

    • As of 2019 the region’s population increased by 0.2% since 2014, growing by 886. Population is expected to increase by 0.5% between 2019 and 2024, adding 2,128.
    • From 2014 to 2019, jobs increased by 4.7% in Hampden County, MA from 222,291 to 232,701. This change fell short of the national growth rate of 7.3% by 2.6%. As the number of jobs increased, the labor force participation rate increased from 58.3% to 60.7% between 2014 and 2019.
    • Concerning educational attainment, 15.0% of Hampden County, MA residents possess a Bachelor’s Degree (3.8% below the national average), and 9.0% hold an Associate’s Degree (1.0% above the national average).
    • The top three industries in 2019 are Individual and Family Services, Education and Hospitals (Local Government), and Restaurants and Other Eating Places.

    470,422

    Population (2019)

    Population grew by 886 over the last 5 years and is projected to grow by 2,128 over the next 5 years

    232,701

    Total Regional Employment

    Jobs grew by 10,410 over the last 5 years and are projected to grow by 7,037 over the next 5 years

    $53.4K

    Median Household Income (2018)

    Median Household Income is 6.9K below the national median household income of $60.3K

     

    Population  Labor Force Jobs  Cost of Living GRP Imports Exports

    2019

    		 2019 2019
    Hampden County 470,422 235,338 232,701 116.7 $24.9 B $25.7B $25.1B
    Massachusetts 6,937,156 3,840,590 4,011,409 130.5 $584.8B $382.0B $478.0B

    GRP-Gross Regional Product

    Population Characteristics

    EMSI February 2020